by Larry Oxenham, Publisher
LIVING LARGE OVERSEAS –
Recently read an article that noted 2016 was the year in which more Americans denounced their citizenship than in any year prior. The reason? The IRS! We are the only country that expects our ex-pats to pay taxes here and in the country they live, a double hit.
We do not advocate giving up your citizenship but we do think it is time to explore living outside the boundaries of the US:
There are many people who are frustrated with life in America – high cost of living, little chance to enhance their incomes at home, and frustration with the direction the country is going. These people don’t want to give up their citizenship; they just want to live more comfortably and have some fun. They also want to return home when they wish to visit family or just otherwise stay in touch with being an American.
THERE HAS NEVER BEEN A BETTER TIME TO CONSIDER LIVING IN ANOTHER COUNTRY.
We already know such countries as Mexico, Belize, Costa Rica, Panama and other tropical locations are home to 1000’s of ex-pats but we also know Europe and Asia and Central America offer great opportunities.
THE BIGGEST LIMITATION IS MOST AMERICANS HAVE NOT TRAVELED MUCH AND ARE WARY OF LEAVING THEIR COMFORT ZONE.
But our readers are smart people who know there are great possibilities and we notified long time subscribers that we would take a look and offer some insights. So the purpose of this email is to let you know we believe today’s world is one with –
NO BOUNDARIES: And one of our readers reminded us how interested you are in knowing more:
“Larry, thanks for letting us know you are going to explore both living and making money in other countries. I already subscribe to Arcanum Insider and love your writing. I have a friend who moved to Malaysia a couple of years ago and now has a great home with full time cleaning and cooking staff for about $600 a month. He gets about $2,000 a month in Social Security and said he could never make it here in America but loves his lifestyle there. So I’m wondering if you will look at ways to make money and live in other countries. Thanks.” Madelaine
COMMENT: We have already started the process. As you know, my son is in Romania now and the part of the country he is in you can rent a nice 4 bedroom home for about $350 a month. And food and services are dirt cheap, too.
This is a picture of the beautiful resort village of Sovata in Romania. A great community with warm springs, salt mines and comfortable living. And, oh yeah, you can rent a 4 star hotel for about $50 a night ….
We have already started the process of exploring ideas and will add articles here as we get specifics. We know about Malaysia and Costa Rica and others but we also know this is a big world with lots of opportunities. And many Americans are being ‘forced’ out by limited income, high cost of living, sky high rent, and the fact technology has made them obsolete.
There are basically two approaches to living overseas:
1. Finding something that fits your basic income – social security or whatever – and living well on it.
2. Finding some type of income that allows you to make your lifestyle comfortable and fun. Here’s an example of a budget if you moved to Belize:
Living overseas is easier that ever today because English is still an international language – although you should make an effort to learn the local language – and because travel is a simple (and often very cheap) flight. We are truly a mobile society today.
Anyway, there is a lot of potential so make sure you have your passport and your purpose and we will dig up some great information for you.
Much more in coming months …